Words cannot express the carnage, the volatility, the fear of today’s market implosion. All markets have been decimated anywhere between 25% and 75% in 30 days. Many times, I have commented about the velocity of change but never had I envisioned
...As widely noted the fiscal deficit is over $1 trillion for the first time since the financial crisis. The total debt is in excess of $22 trillion and the markets are suggesting that such amounts are not of any significance. ...
Led by technologies, equities sank on reports that the US is moving toward restrictions on ownership of Chinese equities in government sponsored pension plans. I think it is noteworthy that there is bipartisan support for such a plan...